{"id":1102210,"date":"2023-02-01T02:00:00","date_gmt":"2023-02-01T07:00:00","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1102210"},"modified":"2023-02-01T02:00:00","modified_gmt":"2023-02-01T07:00:00","slug":"intel-cuts-pay-across-the-board-to-avoid-layoffs","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1102210","title":{"rendered":"Intel Cuts Pay Across the Board To Avoid Layoffs"},"content":{"rendered":"<p>segaboy81 writes: Internal reports of Intel cutting pay across the board are flooding the internet. It&#8217;s now confirmed that CEO Pat Gelsinger will take a 25% cut, while everyone else takes a 5% to 15% hit. What&#8217;s worse is it looks like they will remain cash-flow negative throughout 2023 despite all this. Intel&#8217;s December earnings were revealed last week, showing significant declines in the company&#8217;s sales, profit, gross margin, and outlook, both for the quarter and the full year.<\/p>\n<p \/>\n<div class=\"share_submission\">\n<a class=\"slashpop\" href=\"http:\/\/twitter.com\/home?status=Intel+Cuts+Pay+Across+the+Board+To+Avoid+Layoffs%3A+https%3A%2F%2Fbit.ly%2F3jjHuFw\"><img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2023\/02\/twitter_icon_large.png\" \/><\/a><br \/>\n<a class=\"slashpop\" href=\"http:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fslashdot.org%2Fstory%2F23%2F02%2F01%2F0341218%2Fintel-cuts-pay-across-the-board-to-avoid-layoffs%3Futm_source%3Dslashdot%26utm_medium%3Dfacebook\"><img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2023\/02\/facebook_icon_large.png\" \/><\/a><\/p>\n<\/div>\n<p><a href=\"https:\/\/slashdot.org\/story\/23\/02\/01\/0341218\/intel-cuts-pay-across-the-board-to-avoid-layoffs?utm_source=rss1.0moreanon&amp;utm_medium=feed\">Read more of this story<\/a> at Slashdot.<\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nSource: Slashdot &#8211; <a href=\"https:\/\/slashdot.org\/story\/23\/02\/01\/0341218\/intel-cuts-pay-across-the-board-to-avoid-layoffs?utm_source=rss1.0mainlinkanon&amp;utm_medium=feed\" target=\"_blank\" rel=\"noopener\">Intel Cuts Pay Across the Board To Avoid Layoffs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>segaboy81 writes: Internal reports of Intel cutting pay across the board are flooding the internet. It&#8217;s now confirmed that CEO Pat Gelsinger will take a 25% cut, while everyone else takes a 5% to 15% hit. What&#8217;s worse is it &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=1102210\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1102211,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[101,110],"tags":[100],"class_list":["post-1102210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-slashdot","category-unfiltered-rss","tag-slashdot"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1102210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1102210"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1102210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1102211"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1102210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1102210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1102210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}